1Toss cereal, pretzels, peanuts, marshmallows and cherries in large bowl.
2Heat baking chips and half-and-half in 2-quart saucepan over low heat, stirring frequently, until chips are melted. Stir in almond extract.
3Pour melted mixture over dry ingredients. Toss gently until dry ingredients are coated. Drop mixture by tablespoonfuls onto waxed paper. Let stand about 1 hour or until set. Store loosely covered up to 1 week.